The charts are pointing to more all-time highs ahead for Netflix

It's time to binge on shares of Netflix.

That's the message Oppenheimer technician Ari Wald is reading in the charts. The streaming giant hit yet another all-time high Tuesday, further establishing a breakout by the stock that has Wald looking at some key levels to watch.

"You can see the stock breaking through its January peak, that was right at around $287," he said Monday on the "Trading Nation" segment of CNBC's "Power Lunch." "That level should now be viewed as support. On the upside, that breakout measures to about $337."

In other words, the charts are telling Wald that Netflix could rally another 3 percent or so.

And according to Phil Streible, senior market strategist at RJO Futures, Netflix has been a big driver of the Nasdaq. "It's done a really beneficial job for the Nasdaq," he said on "Power Lunch. "We're up 6 percent year to date, far outperforming the S&P 500 and the Dow which are floating right at around unchanged."

Netflix has soared 69 percent year to date.

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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Sara Eisen

Sara Eisen joined CNBC in December 2013 as a correspondent, focusing on the global consumer. She is co-anchor of the 10AM ET hour of CNBC's "Squawk on the Street" (M-F, 9AM-11AM ET), broadcast from Post 9 at the New York Stock Exchange.

In March 2018, Eisen was named co-anchor of CNBC's "Power Lunch" (M-F, 1PM-3PM ET), which broadcasts from CNBC Global Headquarters in Englewood Cliffs, N.J.

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